Commonwealth of Massachusetts
Statewide Independent Living Council

Committees > Finance

MASILC Finance Committee

The SILC Finance committee meets via conference call. See the SILC Calendar for meeting times.

Committee Purpose:

To insure the SILC's financial stability by providing oversight on its budget.

Duties and Responsibilities:

Work with the consultant to develop an annual budget and seek approval of the budget from the full SILC.

Assist the consultant in development of appropriate reporting tools, and regularly review such tools.

Review monthly financial statements and analyzes.

Analyze financial impact of major decisions about SILC operation, e.g. incorporation, office location.

Formulate fiscal operating procedures and monitor compliance with the procedures.

Keep the Executive Committee and the full SILC regularly informed of the general financial status of the organization.

Provide the Council with preliminary analysis of major financial decisions required by the State Plan, for example, the allocation formula for federal and state IL funds to the independent living centers.

Report to the Executive Committee and the SILC.

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